Where to farm, which point programs matter, and how to act like a pro
In 2025, the airdrop landscape is dominated by perp DEXs and incentive-driven AMMs. These platforms run points/season systems, loyalty programs and OATs that convert real, repeated user behavior into airdrop eligibility. If you want consistent upside, stop gambling on rumor and start playing the systems that actually reward activity.
Below I cover the top perp/DEX projects worth farming in 2025, explain how their points programs work, and give the exact farming playbook you should use — plus links (you can paste your TokenHunters guides) to a full guide for each project.
Quick note: every project below has a separate TokenHunters guide — link those on your site for step-by-step tasks, screenshots and tracker sheets.
Why perp DEXes and DEX point programs matter in 2025
Perp DEXs combine high on-chain volume with measurable, repeatable activity, ideal for scoring user value. In 2025 the sector exploded: more teams are using points (seasons/gold) to reward traders, LPs, referrers, and early testers. That means consistent activity on the right platforms often maps directly to tokens later. Perp DEXs are now among the most reliable airdrop sources.
Top DEXs & Perp Projects to Farm in 2025 — tactical summary
Below are projects you must watch. For each: what it is, why it matters for airdrops, and concrete farming tactics.
1) Hyperliquid — the poster child for perp rollouts
Hyperliquid ran one of the biggest retrodrops and still reserves a large community pool for future seasons. It’s a high-volume perp that has repeatedly rewarded early, active traders.
How to farm:
Trade often (small, realistic sizes beat burst farming).
- Build volume into the millions, using spot and perps trading.
Use the platform’s referral and competition features when active.
Add liquidity to promoted pools during booster weeks.
Participate in test features, betas, or governance threads if offered.
Why it works: Hyperliquid scores real trading behavior and community presence, both are weighted in season/points mechanics.
2) Lighter.xyz — points-first perp with strong momentum
Lighter runs a public points system with weekly distribution and zero-fee incentives; it’s one of the highest-talked perp farms of 2025. Many community guides list Lighter as top tier for airdrop farming.
How to farm:
Open trades (perp volume counts heavily).
Use public pools and complete referral tasks to boost points.
Participate in leaderboard contests and community competitions.
Spread activity across sessions (don’t batch everything in an hour).
Why it works: Lighter’s points are visible and regularly distributed, consistent trading and referrals compound quickly.
3) Extended (Extended Exchange / X10) — Starknet-native, CLOB/perp hybrid
Extended (the former X10/Extended Exchange narrative) launched weekly points seasons and prioritizes order-book style matching on Starknet, an efficient venue for ops and airdrop mechanics. Season distributions have been significant and ongoing.
How to farm:
Use both AMM LPs and CLOB order interactions (depending on what the season rewards).
Join their weekly season events and follow distribution rules carefully.
Submit honest bug reports and feedback — teams often reward contributors.
Why it works: Hybrid tech (CLOB + Starknet settlement) gives projects precise signals on real usage, the perfect input for fair retroactive rewards.
TokenHunters Guide: Extended farming guide (order-book tactics + LP timing).
4) GRVT — single-point season with KYC and active rewards
GRVT centralized its season logic into a simple point system, trade, hold, invite, and announced staged rewards tied to KYCed accounts. Season 2 shows active weekly distributions.
How to farm:
Create a compliant account (KYC if required).
Trade steadily and use referral invites to capture bonus points.
Hold small strategic positions around snapshot windows.
Why it works: Projects that require KYC reduce Sybil noise and often provide more meaningful allocations to verified users. If you’re comfortable with KYC this can be a high-probability play.
TokenHunters Guide: GRVT guide (KYC walkthrough + points checklist).
5) Ethereal — points seasons + task lists for early participants
Ethereal runs clearly defined season tasks (social, testnet, liquidity) and tracks on-chain + off-chain presence for point scoring. Guides and trackers show ongoing season mechanics.
How to farm:
Complete Discord/Zealy-type tasks and testnet interactions.
Provide liquidity or deposit into designated pools when Season campaigns reward it.
Keep records of all steps, many projects accept appeals with proof.
Why it works: Ethereal rewards both social & on-chain work, a balanced profile often yields better long-term eligibility.
TokenHunters Guide: Ethereal farming guide (task tracker + on-chain receipts).
6) Based (Based-style DEXs and "Based" attitude) — community-driven rewards
“Based” style projects are community-led DEX/perp launches that prioritize contributor roles (moderators, builders, translators) in their scoring. They may appear under different brand names but share a common reward pattern: contribution = points. (See perp DEX tier discussions for context.)
How to farm:
Join early community roles (help new users; translate docs).
Complete core tasks and keep long-term presence.
Participate in governance testing and UI/UX feedback sessions.
Why it works: Community contributions are often tallied as high-quality signals, rewarding members in later retro rounds.
TokenHunters Guide: Based-style project playbook (community playbook + role monetization).
Six point programs to watch (fast reference)
Below are the exact point programs you asked for, these are widely covered in the 2025 farming ecosystem:
Hyperliquid Points / HYPE seasons – trade + liquidity incentives.
Lighter Points (Lighter.xyz) – weekly point distributions linked to trading/referrals.
Extended Exchange Seasons – weekly points on Starknet for traders and LPs.
GRVT points – single point system for trading, holding, inviting (KYC enabled).
Ethereal Seasons – task + liquidity + social scoring for point accrual.
Based / community points – community contribution scoring across various “Based” style launches.
Each of the above has a TokenHunters deep-dive guide ready on the site (link them when publishing).
Closing — your immediate action plan (next 7 days)
Pick two projects from the list (one perp, one AMM) and follow the TokenHunters guide for each.
Create your tracker and log every trade, mint, and task.
Spread your activity: weekdays for trades, weekends for community tasks and guides.
Join TokenHunters Discord and share your weekly rotation, community alpha accelerates progress.
Perp DEXs are the new airdrop engine, but only for the patient and systematic.
The next big drop won’t be discovered by rumor trackers; it will be earned by people who built presence, quality interactions, and a repeatable system.
Time to hunt, see you next article.
– TokenHunters
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